Credit Slowdown Signals Tighter Stance by PBOC

BEIJING—New credit creation in China slowed significantly last month, a sign that the central bank has moved to a slightly tighter stance as it tries to keep lending and inflation under control.

Chinese banks made a net 506.1 billion yuan (about $83 billion) of new local currency loans in October, down from 787 billion yuan in September and the lowest monthly figure so far this year. Total social financing, a broader measure of credit...